Start learning 50% faster. Sign in now
Section 9. Disposal of non-banking assets.—Notwithstanding anything contained in section 6, no banking company shall hold any immovable property howsoever acquired, except such as is required for its own use, for any period exceeding seven years from the acquisition thereof or from the commencement of this Act, whichever is later or any extension of such period as in this section provided, and such property shall be disposed of within such period or extended period, as the case may be: Provided that the banking company may, within the period of seven years as aforesaid, deal or trade in any such property for the purpose of facilitating the disposal thereof: Provided further that the Reserve Bank may in any particular case, extend the aforesaid period of seven years by such period not exceeding five years where it is satisfied that such extension would be in the interest of the depositors of the banking company.
Father of organic farming is
On the basis of their shelf-life, potatoes and onions are classified as:
Carbon dioxide is used due to which of its property in food packages?
Monopoly and Oligopoly are the examples of?
A female chicken under one year of age is commonly known as
Which Knol-khol variety has purplish leaves and large, purple-skinned knobs?
What is the main characteristic that makes Jersey bulls different from other dairy breeds?
In C4 plants, the first stable product of photosynthesis is:
SSNM relies on ___ R of ______ management
Protein content in Soybean is: